Speculative building definition
Speculative building means a building that meets 1 of the following criteria and the machinery, equipment, furniture, and fixtures located in the building:
Speculative building means any building or structure where the ultimate use or occupancy cannot be determined to the satisfaction of the City at the time that a development charge becomes due and payable;
Speculative building means the activities of a speculative builder as the term "speculative builder" is defined by rule of the department.
Examples of Speculative building in a sentence
Speculative building construction was one of the inducements to the City to provide a financial incentive for economic development for this subdivision.
Speculative building is quite common in residential housing developments and in condominiums.
More Definitions of Speculative building
Speculative building means a new building that meets all of the following criteria and the machinery, equipment, furniture, and fixtures located in the new building: (a) The building is owned by, or approved as a speculative building by resolution of, a local governmental unit in which the building is located or the building is owned by a development organization and located in the district of the development organization.
Speculative building means a new building that meets all of the following criteria and the machinery, equipment, furniture, and fixtures located in the new building:
Speculative building means a building that is less than fifty percent (50%) leased at the time a land disturbance permit for vertical improvements is obtained.